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Our Mandate is to collect taxes, not to grant tax waivers to taxpayers – FIRS

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The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has disclosed that the mandate of the Service is to collect taxes that are due to the federation and the Federal Government not to grant tax waivers to any taxpayer in the country.

Nami stated this in a swift reaction to the news making the rounds that some companies among them Dangote Sinotruck Limited, Lafarge, Honeywell, etc had been granted tax waiver on pioneer status between 2019 and 2021 in the sum of N16 trillion by the FIRS and the other Federal Government agencies. In his reaction, Nami stated that “FIRS does not have the power or responsibility of facilitating or even implementing tax waivers to investors in Nigeria. There are relevant agencies of government that are charged with such responsibility.”

He, however, noted that the Service is not unmindful of the objectives of granting tax waivers to investors, which he said include “helping to grow local companies, stimulate economic growth, and earn investors’ confidence”. He also stated that he is “confident that the companies which are now enjoying tax breaks will eventually exit shortly and begin to pay taxes to the Federal Government as is currently being done by the companies that have equally enjoyed such tax breaks in the past and are now paying taxes in hundreds of billions of naira. Such companies will continue to pay taxes to the government so long as they remain in business.”

The FIRS Executive Chairman also clarified that “the companies enjoying the Pioneer Status will be exempted from paying only the Direct Taxes (eg CIT, EDT) from their profits but will continue to act as agents of collecting and remitting Indirect Taxes (eg VAT, WHT) in the ordinary course of their operations”.

He concluded the statement by emphasising that he remains focused on the task of achieving the mandate of the Service which is to assess, collect, and account for taxes due to the federation and the Federal Government. This task, he noted, “is challenging, more so at this time of global economic disruption occasioned by the Russia-Ukraine war and the Pandemic. However, the Management is steadfast in achieving the target set for it by the Federal Government. For instance, last year the Service surpassed its target by collecting an unprecedented amount of N6.4 trillion in taxes. So far this year, the Service is poised to perform even better than its record for last year.”

He then called on the stakeholders to join hands with him to grow the nation’s economy.

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Senate postpones resumption of plenary

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The Nigerian Senate has postponed the resumption of plenary from the 23rd of April 2024 to the 30th.

The postponement was contained in a notice issued by the Clerk to Senate, Chinedu Akubueze which was released on Thursday in Abuja.

Part of the notice read: “Distinguished Senators are hereby, respectfully informed that resumption of plenary, which was earlier postponed to Tuesday 23rd April 2024, has further been postponed to *Tuesday 30th April 2024 at 11 am.

“Kindly note that the plenary sitting will be held at the main Chamber of the Senate.

“All inconveniences this postponement may cause Distinguished Senators are highly regretted, please.”

The latest postponement is the second since Lawmakers in the upper and lower legislative Chambers went on Easter and Sallah recess.

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N84bn fraud: Yahaya Bello’s absence stalls arraignment

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The immediate past Governor of Kogi State, Yahaya Bello was absent at the Federal High Court Abuja on Thursday.

The former governor was to be arraigned by the Economic and Financial Crimes Commission, EFCC over alleged money laundering offence involving N84 billion.

Counsel for the EFCC, Kemi Phinro, earlier told the court that Bello was absent from court for his arraignment because he was being protected by someone with immunity.

Justice Emeka Nwite subsequently adjourned the suit to to April 23rd.

Details shortly….

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Police invite Edo Labour Party, guber candidate, Akpata over attack at UNIBEN

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The candidate of the Labour Party, LP, in the forthcoming September 21, 2024 governorship election in Edo State, Olumide Akpata has been invited by the State Police Command over alleged security breaches, involving shootings at the University of Benin, UNIBEN, last Friday.

The Command’s Public Relations Officer, Chidi Nwabuzor, disclosed this to newsmen in Benin City,

Nwabuzor said the invitation was served on the LP gubernatorial candidate by investigators in the Political Desk Session of the State Criminal Investigation Department, CID, on Tuesday, April 16, 2024.

Olumide Akpata was allegedly attacked by suspected political thugs during an investiture ceremony at the invitation of the UNIBEN Staff Club.

The Labour Party gubernatorial candidate, however, alleged that the attack was orchestrated by the Peoples Democratic Party, PDP, in the state as well as the State Government to assassinate him.

The command’s image maker further explained that the invitation of Olumide Akpata was part of the investigation initiated into the crisis by the police Command.

When contacted, the State Chairman of the Labour Party, Kelly Ogbaloi, who confirmed the receipt of the police invitation, said he was not in Benin when the letter was delivered but assured that he would honour the invitation.

According to him, Olumide Akpata is our candidate but UNIBEN invited him to honour him on a personal note. I didn’t sign a surety of his safety there. I don’t know why the police are equally inviting me to come along with Olumide Akpata.

“The police ought to have done their background investigations, his being honoured by UNIBEN had nothing to do with our party secretariat. So, I don’t know why I am being asked to come along with him to the Police Command Headquarters in Benin, however, I will honour the invitation”, he said.

Meanwhile, the Edo State Government and the authorities of the University of Benin had in separate statements condemned the attack on the Labour Party Governorship candidate.

A statement by the Edo State Commissioner for Communication and Orientation, Chris Osa Nehikhare while condemning the clash, said an investigation is ongoing on the issue.

Nehikhare, also warned that the state government would not tolerate violence or this sort of irresponsible behaviour which was associated with the visit of Mr. Akpata to the institution.

“The Edo State Government condemns in the strongest terms the violence associated with the Labour Party candidate, Mr Olumide Akpata’s visit to the University of Benin on Friday, April 12, 2024.

“Claims and counterclaims have been made by Mr Akpata and the Student Union Government (SUG) of the University in statements issued by both parties on April 13, and an active investigation is ongoing on the issue.

“The Edo State Government, however, warns in the strongest terms that it will not tolerate violence or this sort of irresponsible behaviour which was associated with the visit of Mr Akpata to the institution.

“Government has the primary responsibility to ensure the security of lives and property in the State and will spare no effort to ensure that anyone who breaches the peace, no matter how highly placed, will face the full weight of the law.

“We hereby call on all Edo people to go about their lawful businesses without and allow relevant agencies progress with their investigation into the said matter”, he stated.

On its part, the management of the university described the incident as unacceptable.

A statement signed by the Public Relations Officer of the University, Dr Benedicta Ehanire, said the management has set up a Committee to investigate.

Ehanire said the committee, headed by Professor Frederick Ekhaise, has one week to submit a report to management.

“The Management of the University of Benin has condemned in strong terms reported violence during the visit of the Edo State Labour Party‘s gubernatorial candidate, Mr Olumide Akpata, on invitation by the Senior Staff Club of the Institution.

“The violent incident, allegedly perpetrated by some students, is unacceptable. Consequently, Management has set up a Committee to investigate the immediate and remote causes of the violent action”, she added.

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